Jefferies analyst James Heaney CFA initiates coverage on $IAC Inc (IAC.US)$ with a buy rating, and sets the target price at $60.
According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 19.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IAC Inc (IAC.US)$'s main analysts recently are as follows:
Following the Q3 report, there are indications that Angi may encounter additional challenges in early 2025. Nevertheless, management has conveyed a sense of confidence for the period following these challenges. Additionally, a potential spin could mitigate the longstanding impact on IAC's equity, which has been in place for seven years.
IAC is contemplating a distribution of its 85% ownership interest in Angi to its shareholders. Concurrently, Angi is in the midst of an operational overhaul, as it saw its revenue decline by more than 15% year-over-year in the third quarter.
The third-quarter outcomes were largely overlooked due to IAC's announcement to spin off Angi Inc., which comprises approximately 28% of IAC's market valuation. This move is seen as an attempt by IAC to release capital for additional value generation. Considering the current negligible valuation of IAC's remaining assets excluding Angi and MGM, the spinoff is perceived as a chance to surface shareholder value from increasingly profitable components such as Dotdash-Meredith.
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富瑞集团分析师James Heaney CFA首予$IAC Inc (IAC.US)$买入评级，目标价60美元。
根据TipRanks数据显示，该分析师近一年总胜率为51.6%，总平均回报率为19.8%。
此外，综合报道，$IAC Inc (IAC.US)$近期主要分析师观点如下：
继第三季度报告之后，有迹象表明Angi可能在2025年初遇到更多挑战。尽管如此，管理层对这些挑战之后的这段时期表现出了信心。此外，潜在的分拆可以减轻对IAC股票的长期影响，IAC股票已经存在了七年。
IAC正在考虑将其在Angi的85％所有权分配给其股东。同时，Angi正在进行运营改革，其收入在第三季度同比下降了15％以上。
由于IAC宣布分拆Angi Inc.，该公司约占IAC市场估值的28％，第三季度的业绩在很大程度上被忽视了。此举被视为IAC试图释放资金以创造更多价值。考虑到IAC目前不包括Angi和MgM在内的剩余资产的估值微不足道，分拆被视为从Dotdash-Meredith等利润不断提高的组成部分中暴露股东价值的机会。
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